CEMEX has agreed to sell its Colombian cement plant Caracolito, the Santa Rosa grinding mill, and a portfolio of ready‑mix concrete, aggregates, mortar and admixture plants to Swiss‑based Holcim Group for US$485 million. In addition, the company is negotiating sales of other remaining assets that are expected to bring in roughly US$70 million, bringing the total transaction value to about US$555 million. The deal values the assets at roughly a 10‑times multiple of 2025 EBITDA.
The divestiture is part of CEMEX’s long‑term portfolio rebalancing program that began in 2018. By shedding non‑core Colombian assets, the company can concentrate capital and management attention on higher‑margin markets in the United States, Europe and Mexico. CEMEX will keep two cement plants—Maceo and Cúcuta—along with the Clemencia grinding mill, ready‑mix plants and aggregate quarries, which together provide a combined installed capacity of 1.6 million tonnes per year.
The proceeds from the sale are expected to strengthen CEMEX’s balance sheet and support future investments in its core regions. Holcim said the acquisition will add more than 20 production sites to its Colombian operations and is projected to generate about US$360 million in net sales in 2026. The 10‑times EBITDA multiple reflects the strong cash‑flow profile of the assets and the strategic fit for Holcim’s expansion plans.
CEO Jaime Muguiro said the company is pleased with the progress it has made in streamlining its portfolio and that the divestiture will allow CEMEX to invest more heavily in key geographies. He noted that the rebalancing effort, which started in 2018, has largely been completed and that the company will continue to focus on its core businesses in the U.S., Europe and Mexico.
The transaction is subject to regulatory approvals, including antitrust clearance from the relevant authorities in Colombia. CEMEX has indicated that it will comply with all required regulatory processes to finalize the deals with Holcim and other parties.
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